Philly Fed Contracts For 5th Month In A Row As “Hope” Crashes To 3-Year Lows

by Tyler Durden
ZeroHedge.com
01/21/2016

Philly Fed improved from a dismal -10.2 to a just terrible -3.5 for the 5th consecutive month of contraction with the number of employees and average workweek both tumbling. Shipments increased but new orders remain in contraction as inventories dropped. The more troubling news is the total collapse in “hope” as the six-month-forward outlook collapsed to Nov 2012 lows…

The Rest…HERE

This entry was posted on Thursday, January 21st, 2016 at 11:41 am and is filed under Economics, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.